Georgia offers salary incentives for K-12 educators to obtain post-baccalaureate degrees, intending to improve student performance. In this paper, we evaluate the empirical relationship between advanced degrees earned by teachers and student pass rates on the state high school graduation test....

This article addresses a public policy question: Does state government regulation foster or deter economic development? The authors estimate a system of simultaneous equations for income growth, regulation growth, and growth in the number of new enterprises. It is found that regulation does not...

ABSTRACT. In developing countries with high levels of corruption, people are often forced into small-business venturing or survivalist entrepreneurship because larger, more efficient firms do not exist. In developed countries, however, low corruption means that people choose entrepreneurship as...